Right now investors are fleeing safe-haven assets like U.S. Treasuries and the dollar. And they’re putting the capital back to work in the riskiest of investments - emerging markets and IPOs.

Hard to believe. But here’s the proof…

In the first week of May, $4 billion found its way back into emerging markets funds - the eighth-largest weekly inflow on record, according to Merrill Lynch. And year-to-date the FTSE Renaissance IPO Composite Index is up 17.5%, torching the impressive 7.3% run-up by the Nasdaq.

If you ask me, that’s pretty convincing: Our appetite for risk is back. And the current rally could very well continue.

Of course, I know some of you feel otherwise. You’re afraid of a George Costanza shrinkage incident and would rather tiptoe back into equities. If that’s the case, let me share some information about the stock Lorillard, Inc. (NYSE: LO), because I’m convinced it will head

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Lorillard, Inc. (NYSE: LO): Five Reasons This Stock Will Smoke The Markets

by Louis Basenese, Advisory Panelist Senior Analyst, The Oxford Club

Right now investors are fleeing safe-haven assets like U.S. Treasuries and the dollar. And they’re putting the capital back to work in the riskiest of investments - emerging markets and IPOs.

Hard to believe. But here’s the proof…

In the first week of May, $4 billion found its way back into emerging markets funds - the eighth-largest weekly inflow on record, according to Merrill Lynch. And year-to-date the FTSE Renaissance IPO Composite Index is up 17.5%, torching the impressive 7.3% run-up by the Nasdaq.

If you ask me, that’s pretty convincing: Our appetite for risk is back. And the current rally could very well continue.

Of course, I know some of you feel otherwise. You’re afraid of a George Costanza shrinkage incident and would rather tiptoe back into equities.

...

a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_7ZckZ-8naz0/SeoR7M1ERHI/AAAAAAAACiE/K8qb29LcEho/s1600-h/Cusick.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 400px; height: 266px;" src="http://1.bp.blogspot.com/_7ZckZ-8naz0/SeoR7M1ERHI/AAAAAAAACiE/K8qb29LcEho/s400/Cusick.jpg" alt="" id="BLOGGER_PHOTO_ID_5326089218072790130" border="0" //aThe second portion of the a href="http://online.barrons.com/article/SB124000828983730469.html"Barron's editorial commentary/a contained this little nugget;br /br /span style="color: rgb(0, 153, 0);"The Congressional Budget Office reported that payroll-tax receipts will barely cover Social Security benefits next fiscal year./spanbr /br /To repeat a href="http://twitter.com/randomroger"my tweet/a from yesterday about this; uh-oh.br /br /Entitlements loom as a $50 trillion problem. The estimates about when it starts to run into trouble starts, I believe, in 2018 with some estimates call for it going under in 2042, if memory serves. Of course there are other folks who come up with much rosier scenarios. I don't know what is right all I can tell you is that I am not planning on having it--if I am wrong then all the better.br /br /I write about this ...